Coffee price today January 5, 2025: Reversing to decrease, should we buy now?
Today, January 5, domestic coffee prices are at 119,800 - 120,500 VND/kg, a sharp decrease compared to yesterday. Should we buy now to stock up as the harvest season in Vietnam is about to end?
Domestic coffee prices today
Domestic coffee prices in the Central Highlands region today fell sharply by 1,500 - 1,700 VND/kg, fluctuating between 119,800 - 120,500 VND/kg.
Accordingly, after adjusting down 1,700 VND/kg, traders in Dak Nong province are purchasing coffee at the highest price of 120,500 VND/kg.
Following that, coffee price in Dak Lak province stood at 120,300 VND/kg, down 1,700 VND/kg.
Similarly, coffee prices in Gia Lai province also decreased by VND1,700/kg and were traded at VND120,200/kg.
In Lam Dong province, coffee prices decreased by VND1,500/kg to VND119,800/kg.
The cooling of coffee prices has many people asking: Should we buy now to stock up as the harvest season in Vietnam is about to end? In fact, during last year's crop season, coffee prices doubled before Tet and at the end of April.
According to Mr. Do Duy Thanh, Director of FnB Director Consulting Company and Horeca Business School, the wholesale price of roasted coffee that shops buy is 185,000 - 200,000 VND/kg, mainly old-season goods. The price of higher quality roasted coffee is also higher.
Coffee is very price sensitive. Increasing prices can easily lead to losing customers, so many coffee shops are developing alternative drinks with more stable ingredient prices.
The global and Vietnamese coffee markets are experiencing unpredictable fluctuations, directly affecting prices. After just one day of shocking price increases, the next day coffee prices suddenly dropped sharply in both the world and Vietnamese markets.
Based on current supply and demand factors and recent unexpected price increases and decreases, experts predict that coffee prices may continue to decrease slightly tomorrow, January 6, 2025.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Down 88 USD/ton, to 4,968 USD/ton.
Delivery in May 2025: Down 80 USD/ton, to 4,897 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Down 8.2 cents/lb, to 318.65 cents/lb.
May 2025 delivery: Down 7.2 cents/lb, to 314.90 cents/lb.
Arabica coffee prices fell to a four-week low as rains in Brazil's key coffee-growing region of Minas Gerais exceeded 182% of the historical average last week, according to expert Nguyen Quang Binh.
In addition, the depreciation of the Brazilian Real against the USD, which is still at a record low, has encouraged selling activities in Brazil at a relatively low discount to the New York floor. As a result, arabica inventories have continuously increased due to increased exports.
The outlook for this year remains positive despite the current difficulties, according to Leonardo Rossetti, analyst at StoneX.
Vietnam’s coffee harvest is expected to be good, while Brazil’s robusta crop is forecast to be a record. “We believe that robusta will become more and more present in the international market,” Rossetti said.
